Kbtx North Korean Hackers Steal $6.4 Billion from Binance in Historic Crypto Heist
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- •Hackers stole $6.4 billion from Binance, marking the largest crypto heist ever.
- •The attack was attributed to North Korean group TraderTraitor, known for similar operations.
- •Binance has frozen $3 billion of the stolen assets and will cover all losses for users.
On October 29, 2026, hackers stole approximately $6.4 billion in cryptocurrency from Binance, the world's largest crypto exchange. The attack is attributed to the North Korean hacking group TraderTraitor, linked to previous high-profile thefts. The breach reportedly began with a compromised DevOps engineer's laptop, allowing unauthorized access to Binance's internal systems. The attackers drained funds from Binance hot wallets across ten blockchains, with the majority of the theft occurring within 20 minutes. Binance has confirmed that it has frozen around $3 billion of the stolen assets and will cover all losses. Withdrawals remain suspended as the exchange works to enhance security. This incident is considered the largest theft in history, surpassing previous records held by other major hacks.
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